DIAMX vs. VOO
Compare and contrast key facts about Diamond Hill Long-Short Fund (DIAMX) and Vanguard S&P 500 ETF (VOO).
DIAMX is managed by Diamond Hill. It was launched on Jun 29, 2000. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIAMX or VOO.
Correlation
The correlation between DIAMX and VOO is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DIAMX vs. VOO - Performance Comparison
Key characteristics
DIAMX:
0.20
VOO:
1.81
DIAMX:
0.30
VOO:
2.44
DIAMX:
1.05
VOO:
1.33
DIAMX:
0.16
VOO:
2.74
DIAMX:
0.66
VOO:
11.43
DIAMX:
3.07%
VOO:
2.02%
DIAMX:
9.92%
VOO:
12.77%
DIAMX:
-41.19%
VOO:
-33.99%
DIAMX:
-8.47%
VOO:
-0.72%
Returns By Period
In the year-to-date period, DIAMX achieves a 3.10% return, which is significantly lower than VOO's 3.31% return. Over the past 10 years, DIAMX has underperformed VOO with an annualized return of 1.76%, while VOO has yielded a comparatively higher 13.25% annualized return.
DIAMX
3.10%
3.18%
-2.19%
2.02%
1.66%
1.76%
VOO
3.31%
4.26%
12.44%
22.48%
14.26%
13.25%
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DIAMX vs. VOO - Expense Ratio Comparison
DIAMX has a 1.36% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
DIAMX vs. VOO — Risk-Adjusted Performance Rank
DIAMX
VOO
DIAMX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Long-Short Fund (DIAMX) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DIAMX vs. VOO - Dividend Comparison
DIAMX's dividend yield for the trailing twelve months is around 2.15%, more than VOO's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIAMX Diamond Hill Long-Short Fund | 2.15% | 2.22% | 2.05% | 0.36% | 0.00% | 0.19% | 0.65% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.20% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
DIAMX vs. VOO - Drawdown Comparison
The maximum DIAMX drawdown since its inception was -41.19%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DIAMX and VOO. For additional features, visit the drawdowns tool.
Volatility
DIAMX vs. VOO - Volatility Comparison
The current volatility for Diamond Hill Long-Short Fund (DIAMX) is 2.43%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.40%. This indicates that DIAMX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.